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The FHA 203k loan program provides home buyers the opportunity to buy and fix up a property, without exhausting their personal savings.

Mortgage documentation provider DocMagic will be hosting a free webinar on digital lending today from 10 to 11 a.m. PST (1-2 p.m. Eastern) alongside BeSmartee and LendingQB, according to a news release.

“Lenders need to understand all the components of the eMortgage process so they can avoid costly mistakes,” said Dominic Iannitti, president and CEO of DocMagic. “Digital mortgages require numerous technologies working in tandem. The way they communicate and interact with each other can have a huge impact on the effectiveness – and the cost – of the process.”

Attendees can expect to learn about the digital transformation of the mortgage lending process and its impact on borrowers, lenders and investors.

“Digital lending is more than just a mobile loan application,” said Tim Nguyen, LendingQB president. “The webinar will help broaden people’s perspective on what digital lending is and what its true potential is. Leveraging a data-driven mortgage lending process reduces the risk to investors because it provides the accessibility and transparency they need.”

Topics will include “a discussion of current-day digital lending efforts on the point-of-sale, loan origination, closing and delivery phases of mortgage lending.”

“The point-of-sale is key to creating a positive digital experience with the consumer,” said Tim Nguyen, co-founder and CEO of BeSmartee. “But the consumer experience extends beyond a loan application. Lenders need to stay engaged with their borrowers by providing value-added services such as loan status updates, condition tracking, closing disclosures – activities that reach deep into the functionality of the LOS.”